INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Federal and State Income Tax Provision (Benefit)

The Company’s federal and state income tax provision from continuing operations for the three months ended March 31, 2017 and 2016 is summarized in the following table (in thousands):

	Three Months Ended   March 31,
	2017		2016
Current
Federal	$	—	$	—
State	—		—
Total current	—		—
Deferred
Federal	495		17
State	124		6
Total deferred	619		23
Total income tax expense	$	619	$	23

Reconciliation of the Income Tax Rate

The Company’s reconciliation of the statutory rate from continuing operations to the effective income tax rate for the three months ended March 31, 2017 and 2016 is summarized as follows (in thousands):

	Three Months Ended   March 31,
	2017			2016
Tax benefit at statutory rate	$	(6,445	)	$	(3,411	)
State tax expense (benefit), net of federal taxes	36			(16		)
Valuation allowance changes affecting income tax provision	6,976			3,388
Non-deductible transaction costs and other	52			62
Income tax expense	$	619		$	23